Eric Vas, President of Motorcycle Business at Bajaj Auto, said that post demonetisation there has been a significant decline in the sales of 2-wheelers. It was 50 percent in rural India and 25 percent in urban areas.

"The Indian Springfield is one of the best bikes in our product portfolio as it offers the best mix of touring comfort and urban versatility through its blend of classic styling and comprehensive modern technology," EPPL & Polaris India CEO & Director Pankaj Dubey said in a statement.

The study, which measured customer satisfaction with the after-sales service experience at original equipment (OE) authorised service centre during the first 12-24 months of ownership, found Suzuki Motorcycle India at the second spot followed by Royal Enfield at third.

Electric bike maker Tork Motorcycles has raised angel funding for an undisclosed amount from a host of marquee investors including Ola founders Bhavish Agarwal, Ankit Bhati and a group of angels led by Harpreet Grover, the chief executive and co-founder of CoCubes.

Forecasters from the Indian Meteorological Department are eyeing above average rains from June to September, a boon in particular for consumer goods firms whose customers are more likely to live in villages than cities.

The arrangement involves KTM-branded Duke and RC motorcycles up to a displacement of 400cc being distributed through a chain of KTM dealerships to be managed by Bajaj, the two companies said in a statement.

However, motorcycle sales grew last month by 10.15 percent to 9,46,758 units as against 8,59,521 units a year ago, according to data released today by the Society of Indian Automobile Manufacturers (SIAM).